J P Morgan Chase & Co Reaffirms Neutral Rating for Rolls-Royce Holding PLC (LON:RR)

J P Morgan Chase & Co restated their neutral rating on shares of Rolls-Royce Holding PLC (LON:RR) in a research report sent to investors on Monday, July 24th. J P Morgan Chase & Co currently has a GBX 950 ($12.53) price objective on the stock.

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Several other analysts also recently issued reports on RR. Jefferies Group LLC upped their price objective on Rolls-Royce Holding PLC from GBX 900 ($11.87) to GBX 1,100 ($14.51) and gave the company a buy rating in a research report on Wednesday, July 5th. Citigroup Inc. reiterated a buy rating and issued a GBX 1,137 ($15.00) target price on shares of Rolls-Royce Holding PLC in a research note on Friday, July 21st. Liberum Capital reiterated a hold rating on shares of Rolls-Royce Holding PLC in a research note on Friday, June 16th. Credit Suisse Group reiterated an underperform rating and issued a GBX 665 ($8.77) target price on shares of Rolls-Royce Holding PLC in a research note on Tuesday, July 11th. Finally, Deutsche Bank AG reiterated a sell rating and issued a GBX 525 ($6.93) target price on shares of Rolls-Royce Holding PLC in a research note on Thursday, June 15th. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 761.50 ($10.04).

Shares of Rolls-Royce Holding PLC (RR) opened at 962.00 on Monday. The firm’s market capitalization is GBX 17.64 billion. The firm has a 50 day moving average price of GBX 919.34 and a 200-day moving average price of GBX 818.17. Rolls-Royce Holding PLC has a 52 week low of GBX 635.00 and a 52 week high of GBX 963.50.

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In related news, insider Ruth Cairnie bought 229 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was bought at an average price of GBX 848 ($11.19) per share, with a total value of £1,941.92 ($2,561.56). Also, insider Lee Hsien Yang bought 107 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was bought at an average cost of GBX 919 ($12.12) per share, with a total value of £983.33 ($1,297.10). Insiders bought 631 shares of company stock valued at $557,140 in the last ninety days.

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